Brandon Careaga & Frank Telles Broker 28000 Square Foot Industrial Lease In West Palm Beach
377 North Cleary Road
Building Size
28,000 SF
Asset Type
Industrial
Closing
Sep 3, 2024
AI
The property involved in the transaction is an industrial asset located at 377 North Cleary Road, West Palm Beach. The total square footage of the property is 28,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 377 North Cleary Road
- Market: West Palm Beach
- Asset Size: 28,000 SF
This lease was brokered by Brandon Careaga and Frank Telles, who are representatives from Vivo Real Estate Group. The firm successfully completed another tenant representation with this particular lease transaction.
Players
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93